Brammer Share Discussion Threads

[ukinvestor220] 29/6/2009 08:05

But if Mr S says buy - everyone buys !! watch it go today

[steeplejack] 29/6/2009 07:27

If Senior Engineering's trading update is anything to go by,then things are still "bumping along the bottom",there has been no appreciable pick up from the first quarter.Charter's recent update was more of a profit warning stating things remained flat.Brammer,as a distributor, cannot be immune to these trends.A good company it might be but it can't walk on water.
My real worry about Schwarz's recommendation is technical.You're dealing in a very thinly traded stock and the jury's still out on the shape of the global recovery.Remember the words of The Eagles song Hotel Calafornia,"You can check-out anytime you like but you can never leave."

[curious] 28/6/2009 17:38

I agree. Essentially, no news is good news but we don't know when the time clock start and stops.
Confounding the problem (in my opinion) is that the head and shoulders formatation gives a price target north of 160P. So if prices rise, they could rise a hell of a lot.
My suspicion is that the best way to play this one is to watch the volume, If big buys start appearing, we can assume that City institutions with big budgets are jumping in and we should follow them in.
Only a guess on my part. DYOR and all of that stuff.

[ukinvestor220] 28/6/2009 15:54

ok now i understand - thanks curious

that makes more sense - so effectively if there is an announcement the share price will collapse, but if not then it will hang in abeyance until such time that investors feel that enough time has elapsed for it to be in the clear ... or there is a definitive statement to the contrary.

that is certainly a high risk strategy for buying !!

[curious] 27/6/2009 19:43

Uninvestor220

Regarding june 30, you have it very slightly wrong. June 30th is an important moment but we might not see an annoucement for some time afterward. Here is what Schwartz said.

"June 30 is a key decision point for Brammer. Its mid-year financial data will determine if it has sufficient working capital to comply with banking covenants. If not, penalties might be imposed by the bank."

A few paragraphs later, he said:

"My sources remind me that violations of banking covenants are material issues that must be reported to investors in a timely manner. I suspect Brammer would make an announcement in the next week or two. My fingers are crossed that no such announcement is made."

[ukinvestor220] 27/6/2009 19:13

He is suggesting that there is some sort of communication due by June 30 re its banking covenants. I cant find any reference to any statement being due in the historic RNS and co statements. Is this a fact ?

[sleveen] 27/6/2009 14:11

steeplejack

Thanks for the heads up, I'll have my finger hovering over the sell button sometime next week.

[steeplejack] 27/6/2009 13:28

I see Mr David Schwarz is back in todays FT recommending Brammer.I notice that he fails to mention that he bought and sold them in double quick time some months ago when he recommended Brammer in the very same paper back around January time. He's an ol' dog.Last time the stock rallied sharply to about 140p and he sold.Subsequently the share then retreated to as low as 80p.

I averaged on the fall back last time and sold on the recovery for a wee profit.I guess they'll mark 'em up 20p on Monday but it ain't plain sailing in this one and i'm somewhat surprised that we still have these old fashioned-i have a few- paper induced rallies.Hey ho

[sleveen] 19/5/2009 17:33

Reasonable IMS given the business backdrop, but share price may well drift dowmwards IMHO to perhaps 90-100p range.

[steeplejack] 30/4/2009 09:33

David Schwarz recommended FENNER last Sat in the FT.Fenner up 60% since.Maybe that's helped to draw attention to this old favourite of his.
I wonder how it feels to sell a substantial holding in a company at an all time low and then see the stock jump 50% in the ensuing 3 weeks .The mysterious workings of the institutional professional managing other people's money.

[sleveen] 29/4/2009 17:25

looks like 6 monthly chart breakout

[steeplejack] 09/4/2009 12:18

Positively frisky now.So farewell Edinburgh Partners.

[minky] 08/4/2009 08:56

My small trade of 3000 is not showing yet.

[onlythebest2] 07/4/2009 15:23

when i recall that ft journalist - can't recall his name, is it schwartz - describing the prospects for this share, it absolutely beggars belief.

[steeplejack] 07/4/2009 11:50

Hopefully today's put through means Edinburgh P. are done and dusted.

[sleveen] 06/4/2009 19:53

I thought it was only private investors that sold at the bottom.

[steeplejack] 06/4/2009 17:18

Now we know.The seller is Edinburgh Partners Limited.They've gone through the 4% and 3% band to end up with 2.8% .They've sold some 850,000 shares.They might sell more but they're under the 3% disclosure rule now so we'll just have to wait and see how the price behaves. Are they muppets or gurus?Only time will tell but selling after a price decline of this magnitude smacks of being somewhat behind the curve!!

[deckergj] 06/4/2009 12:08

I noticed last week, thurs in particular the high sales vol, and guessed there was a large seller out there,

agree with both last posts and am waiting for the entry point, whereverwhenever it may be

deck

[sleveen] 06/4/2009 11:08

Interesting point re possible forced seller.

Certainly the fear factor has resulted in many companies being oversold, which might be the result of redemptions from unit trusts as private investors flee the market a year too late.

If BRAM falls substantially i will be a buyer.

GL

[steeplejack] 06/4/2009 10:08

The jury's out here since the company operates in Europe and pratting about by the ECB doesn't provide optimism that Europe will enjoy a swift economic recovery.More importantly there's an ongoing seller.Could be a unit trust seller,who knows, but it's yet another example of price pressure due to deleveraging.Numerous fund managers are selling,top slicing,not because they want to but because redemptions mean they have to.

In this market ,it's necessary to divorce yourself from the idea that price falls are related to a company's trading performance.It might be of course but equally ,it could be largely technical.I thought the seller might have been cleared out last week but the geezer's still there by all accounts and desperate to sell he appears to be.

[sleveen] 06/4/2009 09:23

WJ

Thanks I just looked at the chart...will cast the slide rule over DPLM :-)

[wjccghcc] 05/4/2009 18:58

Umm, DPLM did a 5 for 1 share split in Jan 08.

[sleveen] 05/4/2009 18:48

a lot more ground to make up £11 to 150p with a vertical fall from £9 to £2 Jan 2008..... your welcome to a much cheaper stock LOL